After Reaching 52-Week Low, Is Emkay Global Financial Services Ltd’s Near-Term Analysis Negative?

The stock of Emkay Global Financial Services Ltd (NSE:EMKAY) hit a new 52-week low and has INR 49.50 target or 8.00% below today’s INR 53.80 share price. The 7 months bearish chart indicates high risk for the INR 1.35B company. The 1-year low was reported on Feb, 22 by If the INR 49.50 price target is reached, the company will be worth INR 108.00 million less. The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 6.22% or INR 3.15 on February 22, hitting INR 53.8. Emkay Global Financial Services Ltd (NSE:EMKAY) has declined 10.20% since July 24, 2015 and is downtrending. It has underperformed by 0.47% the S&P500.

Emkay Global Financial Services Limited is an India holding company, which is engaged in providing wealth management and advisory services. The company has a market cap of INR1.35 billion. The Firm offers stock broking and financial services and solutions, such as investment banking, institutional equities, private client broking and depository services. It currently has negative earnings. The Company, along with its subsidiaries, operates through two divisions: Advisory and Transactional Services, including broking and distribution, investment banking and other related financial intermediation services, and Non Banking Financing Activities.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.

Add Comment